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A Stem Inc. C&I battery project, using a combination of Tesla hardware and the company's own. Image: Stem Inc. / Clean Capital.

Stem Inc profits increase as pivot from battery storage to software and services continues

May 5, 2025
Stem Inc. had a profitable Q1, as pivot away from battery storage hardware into energy storage and solar software and services continues. 
Stage 1 of independent power producer Neoen's Collie Battery project in Western Australia, which uses Tesla Megapacks and went online last October. Image: Neoen.

Tesla: Trade tariffs will have ‘outsized impact’ on battery storage business, CFO says

April 24, 2025
Tesla’s energy storage business continued to grow in Q1 2025 even as profits and vehicle sales fell, but faces greater exposure to trade tariff risks than its automotive segment.
Figure 5. Most of the suppliers included in the report are predicted to ship between 3.5-6.5GWh of product in 2025.

CATL and Sungrow join Tesla as AAA-Rated energy storage suppliers

April 1, 2025
Charlotte Gisbourne, market analyst at PV Tech Research discusses trends and movements in the Q1 2025 edition of the EnergyStorageTech Bankability Ratings report.
Eos Energy Enterprises' production line. . Image: Eos Energy Enterprises via X.

US zinc BESS manufacturer Eos guides for tenfold revenue increase year-on-year

March 7, 2025
Zinc hybrid cathode battery and storage system maker Eos expects 2025 revenues to be roughly ten times higher than last year’s.
Stem Inc and third party hardware at a customer's battery storage installation. Image: Stem Inc / CleanCapital.

Stem revenue down 69% in 2024 amid strategic shift away from battery hardware

March 5, 2025
Stem Inc. reported a 69% year-on-year fall in annual revenues as the US energy storage pioneer pivots towards software and services.
Fluence at the RE+ industry event in California, September 2024. The company is active in 17 global territories but around half of its deployments are in the US. Image: Andy Colthorpe/Solar Media

Fluence lowers 2025 guidance due to ‘disappointing’ contract delays, competitive pressure

February 11, 2025
Fluence has reported a year-on-year fall in quarterly revenues and lowered its 2025 guidance but sees ‘robust’ global demand for battery storage.  
A 100MW/400MWh BESS project featuring Tesla Megapacks in California, US. Image: Arevon Asset Management

Tesla deployed 31GWh of storage in 2024, segment benefited from US$756 million tax credits

January 31, 2025
Tesla has reported record quarterly and full-year deployment figures for its Megapack and Powerwall battery storage products in its latest financial results. 
LG Energy Solution Nanjing China

LG Energy Solution to continue EV-ESS battery production switching amid ‘market volatilities’

January 28, 2025
LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.
SolarEdge's Sella 2 battery production plant in Chungcheongbuk-do Province, South Korea. Image: SolarEdge

SolarEdge closes utility-scale energy storage division to focus on ‘core’ solar PV business

November 28, 2024
SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.
Fluence's factory in Utah has been used for assembly and integration since 2022 but began manufacturing modules (pictured) in September this year. Image: Fluence
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Fluence: ‘US the principal driver of unprecedented demand for battery storage’

November 27, 2024
Fluence has ‘met or exceeded’ its financial guidance metrics for its 2024 fiscal year and expects to see ‘significant growth’ in its FY2025.

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